WARRNAMBOOL real estate agents are reporting a rental vacancy rate of less than one per cent.
The tight rental market on the city comes as data from the Real Estate Institute of Victoria showed the rental vacancy rate in Warrnambool and district was 1.4 per cent in May and 1.3 per cent in June.
The average rental vacancy rate for regional Victoria for June was 1.8 per cent.
Research from the institute also showed that on average properties for sale in Warrnambool were only on the market for 36 days in June compared to 61 days in June 2019.
Ray White Warrnambool business development manager Hayley Shannon said she was seeing a rental vacancy rate of .43 per cent.
"Our vacancy rate for the last four to five months has sat under half a per cent," she said.
"As soon as a property becomes available it is being filled before the tenants have left.
"There is definitely a massive demand right across the board. That's from one-bedroom places right up there to executive houses.
"There are also a lot of people looking for properties from out of town.
"Warrnambool is becoming a more and more attractive place to relocate."
Harris and Wood Real Estate property manager Liz Uebergang said in her 20 years in the industry she had not seen as big a demand for rentals in winter.
"This is generally the quietest part of the year," she said.
"In summer you expect contractors and uni students looking for rentals. But usually in the middle of winter it's very quiet."
Ms Uebergang reported a rental vacancy rate of one per cent. "It's a landlord's market," she said.
"As an example I had one available, there were 20 applicants and it was filled the next day. And that was one out of town.
REIV President Leah Calnan said more homes were needed across regional Victoria to meet the growing demand.
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